European stocks are expected to open slightly higher on Monday as investors react to U.S.-China news. President Trump stated that the U.S. wants to help China, not hurt it, and may advance the November 1 deadline. China’s exports rose 8.3% in September, the fastest since March, with imports also growing. Amid the U.S. government shutdown, Trump has started firing federal workers. Markets are pricing in a 97% chance of a 25 bps rate cut by the Fed in October. Gold hit a record high, and oil prices rose over 1%. U.S. stocks plunged on Friday due to escalating trade tensions with China.

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